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Consider the following simplified financial statements for the Wims Corporation: Company has predicted a sales increase of 1 8 percent. Assume the company pays out

Consider the following simplified financial statements for the Wims Corporation:

Company has predicted a sales increase of

18

percent. Assume the company pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not. What is the external financing needed?

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